Silver crosses $80 (~Rs 250,000) mark.

Fundamental News and Triggers

Silver crosses $80 (~Rs 250,000) mark

• Silver has been on a massive rise, reaching $80 (~Rs 250,000) today, up 16% last week, 40% this month, and 175% by 2025. This rise has been fueled by speculative inflows, residual supply disruptions from an October short squeeze, central bank buying, ETF inflows, and three Federal Reserve rate cuts, with markets gradually pricing in another easing in 2026.
• US President Donald Trump said he made “a lot of progress” in meetings with Ukrainian President Volodymyr Zelensky over a possible peace settlement. However, he stated that there is no obvious breakthrough on the flashpoint issue of territory, and that it could take several weeks to resolve.
• Trump stated last week that he wants the new Fed Chairman to maintain low interest rates and never “disagree” with him. The comments are likely to raise investor and policymaker concerns about the Federal Reserve’s independence.

Technical Triggers  

• As suggested last week, Gold has touched the target resistance of $4575 (~Rs 140,000). We can see prices consolidating here after this sharp runup. Bull trend can continue until prices are trading above $4450 (~Rs 136,000).
• As suggested last week, Silver has touched the target resistance of $75(~Rs 235,000) and $80 (~Rs 250,000). We can see prices consolidating here after this sharp runup. Bull trend can continue until prices are trading above $75 (~Rs 240,000).

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